China Telecom: Blockchain Has Significant Use-Cases for 5G
China Telecom: Blockchain Has Meaning Use-Cases for 5G
In a recent interview, China Telecom chairman said that blockchain has high-potential use cases to enhance 5G network services.
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Jiang Wei, the chairman of Communist china Telecom Blockchain and Digital Economy Joint Laboratory, explained in an interview published on Chinese news portal, Cebnet, that blockchain technology has significant use cases that could improve the 5G mobile network.
According to estimates by China Telecom in 2022, China's 5G services are expected to have approximately 170 million subscribers by the end of 2022. Wei said that China Telecom expects blockchain to play a crucial part in trusted management, secure interaction, and efficient collaboration amid multiple participants of the network and devices.
Making 5G more than seamless and convenient
Wei stated that Blockchain in 5G volition introduce social majuscule in the 5G mural. He believes that this volition aid the industry crowdsource the 5G infrastructure. He also noted his belief that blockchain volition help realize 5G resource sharing and usage tracking.
China Telecom is as well experimenting with blockchain to amend international roaming services. He sees Blockchain as a mode to eliminate the need for tertiary-parties. If he's right, this could make related services more than seamless and convenient.
There remain hurdles in blockchain / 5G implementation
"Before we could come across an efficient integration of blockchain and 5G, there are multiple issues that demand to exist dealt with blockchain technology," said Wei. "Of those, the legality and security aspects of smart contracts are a major business." Wei continued:
"In improver, from a blueprint perspective, smart contracts cannot be repaired or upgraded. Therefore, 5G smart contracts demand to formulate standardized solutions for issues fixes and updates."
On the other manus, scalability and interoperability are two hurdles that hinder the integration of these two technologies. With proper cooperation and experimentation by global institutes, Wei says nosotros can still integrate the two technologies — leading to better advice services throughout the globe.
In August 2022, Cointelegraph reported that China Telecom published a white paper explaining their idea for 5G blockchain phones.
Source: https://cointelegraph.com/news/china-telecom-blockchain-has-significant-use-cases-for-5g
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